Richemont first five-month sales up 9 percent

REPORT_ Richemont sales for the five months ended August 31,

2013, increased by 9 percent at constant exchange rates. At actual exchange rates, sales rose by 4 percent negatively impacted by the weakening of the US dollar and the yen against the euro. Retail sales growth continued to outperform wholesale sales.

Sales growth was satisfactory across all regions. European and Middle Eastern sales continued to benefit from visitors in major tourist destinations. Asia-Pacific was led by good growth in Hong Kong and Macau. Sales growth in the Americas was strong.

The jewelry maisons and specialist watchmakers performed well in an uncertain economic environment. Montblanc’s sales were flat. Within Other sales, Net-a-Porter reported double-digit growth.

Richemont owns a portfolio of leading international brands or maisons. The businesses operate in areas like jewellery maisons, being Cartier and Van Cleef & Arpels; specialist watchmakers, being A. Lange & Söhne and Baume & Mercier; and Other, being Alfred Dunhill, Chloé, Lancel and Net-a-Porter.